Zopa laughs all the way to the bank

Britain’s oldest peer-to-peer lender has completed its latest funding round, raising £60 million just over a month after Funding Circle, one of its biggest competitors, completed a £1.5 billion stock market listing.

Zopa, which raised £44 million in August, did not say how much the new funding round valued it at, but earlier this year it was reported to be targeting £400 million.

“This new funding takes us a step closer to realising our vision of being the best place for money in the UK,” Jaidev Janardana, the chief executive who co-founded Zopa alongside Giles Andrews, said.

Jobs and pay increaseThe number of new hires reached “near-record rates” last month, but companies had to pay people more, according to the Recruitment and Employment Confederation.…

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